Technical analysis of Amaraja batteries from 15 October 2019 -15 October 2021

 25 November 2019-3 january2020 we can see a lower lows pattern as the price in 25
November 2019 went from 759 to 742 in 2 December , 26 december 737 and finally to 719
on 3 jan 20120
 Lower top lower bottom pattern-20 feb 2020 to 25 march 2020 price went down from 754
on feb 2020 to 628 in 5th march to 556 on 12th march and finally 442 on 25th march.
 Higher highs pattern- price consecutively increased from 746 in 29 October
 2020 to 833 in 13 november ,to921 in 25 november 2020
 Inverted head and shoulder- price on 19 jan 2021 was 986 , on 1 feb 2021 went down to
930 on 15 feb 2021 price touched 1015 , forming inverted head sand shoulder pattern
 Lower top ,lower bottom formation – price deceased from 916 in 5 th march , then to 865 in
23 march , 807on 8th April , finally it touched 778 on 15 th april .
Technical analysis of INDHOTEL from oct 2019 to 0ctober 2021

 Lower bottom lower top - price decreased from 135 on 23 feb 2020 ,to 115 on 18 march , 94
on 20 march , finally reached 68 on 25 th march 2020
 Double bottom – 25 November price was 120 it increased to 135 on 7december and then
decreased to 118 on 21 December
 Double top – price decreased from 128 on 9 march to 97 on 16 april and then increase to
124 on 24th of march
 Higher top higher bottom – price increased from 136 on 26 april 2021 to 166 on 21
September to 194 on 7th october finally reached to 231 on 11 th october
 NSE AND INDHOTEL

 NSE AND IND HOTEL

 We can see that between october 2019 toto october 2020 ind hotel and nse index had
positive correlation as nse
 Durin april 2020 correaltion was zero as we can see in the graph
 After April 2020 we can see the positive correaltion between nse index and ind hotel

 Amaraja battery and nse index

 We can see positive correlation between amaraja stock price and nse index between April
2019 to jan 2020
 Correlation is near zero in April 2020
 We cans ee positive correlation between may 2020 to october 2020
 Correlation is near zero in october 2020
 We can see negative correlation after jan 2021 as amaraja stock price falls nse index rises.
c

 2020 to 833 in 13 november ,to921 in 25 november 2020

 Inverted head and shoulder- price on 19 jan 2021 was 986 , on 1 feb 2021 went down to
930 on 15 feb 2021 price touched 1015 , forming inverted head sand shoulder pattern
 Lower top ,lower bottom formation – price deceased from 916 in 5 th march , then to 865 in
23 march , 807on 8th April , finally it touched 778 on 15 th april .